Angus Energy to drill new Saltfleetby side-track before First Gas to avoid safety complications. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Friday preview: US non-farm payrolls, stimulus talks in focus

Thu, 1st Oct 2020 17:54

(Sharecast News) - All eyes at the end of the week will be on the latest monthly US jobs report, although investors will also be keeping close tabs on the ongoing Brexit talks and negotiations on Capitol Hill to try and agree on a new government stimulus package.
The median consensus forecast is for a 865,000 increase in non-farm payrolls during the month of September following a rise of 1.37m during the month before.

Unemployment meanwhile is expected to continue trending lower, from 8.4% to 8.2%, alongside a one tenth of a percentage point gain in the year-on-year rate of growth in average hourly earnings to 4.8%.

Regarding stimulus talks between Democrats and Republicans, lawmakers from the two sides were due to meet later on Thursday.

Democratic speaker of the House of Representatives, Nancy Pelosi, reportedly remained "optimistic" about being able to conclude a deal but did not see a deal happening right now.

Earlier, remarks from the US Secretary of the Treasury and the White House chief of staff had appeared to point to progress having been made.

According to White House spokeswoman, Kayleigh McEnany, Pelosi was not being "serious".

"We raised our offer, but when you lower your offer to 2.2 trillion [dollars], and you ask for direct payments to illegal immigrants, and you ask for certain deportation forgivenesses in your offer, it's not a serious offer."

One City-based analyst pointed out that the last thing the Trump administration wanted to see was the economic recovery stalling heading into the presidential elections on 3 November, yet another cautioned that the Democrats would want to avoid helping Trump's re-election prospects.

No major economic releases are scheduled in the UK.

Friday 02 October


Admiral Group, Antofagasta, Carr's Group, Drax Group, Glanbia, Globaldata, Globalworth Real Estate Investments Limited, Goco Group , H&T Group, Integrated Diagnostics Holdings, JPMorgan American Inv Trust, Maven Income & Growth 4 VCT


Total SE


Factory Orders (US) (15:00)

Non-Farm Payrolls (US) (13:30)

U. of Michigan Confidence (US) (15:00)

Unemployment Rate (US) (12:30)


Cobra Resources, Tiziana Life Sciences


Admiral Group




Best of the Best

More News

US close: Wall Street weaker despite solid retail results

(Sharecast News) - Wall Street stocks closed weaker on Tuesday, even after some solid earnings from big-box retailers including Walmart, Home Depot and Macy's.

Today 00:19

UK's Johnson announces urban renewal plans after promise to "level up"

LONDON, May 19 (Reuters) - British Prime Minister Boris Johnson on Wednesday announced a series of urban renewal projects worth 830 million pounds ($1.2 billion) in towns and cities away from London as part of his promise to "level up" the countr...

Today 00:01

GLOBAL MARKETS-Stocks fall with tech shares; dollar touches lowest since late February

* All three major stock indexes end lower* Dollar, oil lower* Eyes on Fed minutes (New throughout, updates to U.S. market close)By Caroline ValetkevitchNEW YORK, May 18 (Reuters) - Wall Street stocks fell on Tuesday, with technology shares turning ...

18 May 21 22:53

UPDATE 1-Spain approves Pfizer shots for under-60s who got AstraZeneca first dose -El Pais

(Updates with reported approval)MADRID, May 18 (Reuters) - Spain's public health commission has approved a proposal by the health ministry that Spaniards under 60 who have received a first dose of AstraZeneca's vaccine get a second shot of the cor...

18 May 21 21:46

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.